From a non-user's point of view, the big "advantage" of the Wadia is the ability to separate a desk top computer system from your audio gear, either in different rooms or buildings. Not everyone wants all their tech gear in the same place, and standards for a single "perfect(ly) wireless" environment have yet to be adopted, so for now, I think we're stuck with hardwire configuration of some sort when searching for the maximum resolution. Of course, which of those is best is a whole other debate (which is what these forums are all about)
I know a couple of folks using a hardwired USB or Firewire DAC with their MacBooks, but iPod /iPhone is certainly an even more conveniently portable (as in pocketable) device. Personally, I'm awaiting an affordable voice activated Bluetooth enabled iPhone that can connect with an indash car audio system, as well as an app that will monitor my wife's libido and synchronize the release from my Tadalafil skin patch.
but I digress
While there are probably several times more 3rd party iPod compatible adapters, docks etc sold than those officially stamped with the Apple logo on the box, I believe you'll find that the Wadia is the first product licensed to access the devices' digital stream.
Of course, that doesn't mean that compromises won't be made inside the box, and that sonic performance will depend on the interconnecting cabling and outboard DAC. It should be no surprise that mods and tweaks are available for the Wadia, including a complete built in DAC.
http://www.asi-tek.com/wadia2.htmlLike any gonzo tweakoid project, it would be easy to invest several times the original device's purchase price. There is of course, no guarantee that any such sum would ensure improved objective or subjective performance, or avoid obsolescence.